Glossary of Terms

Blockchain

Definition of
Blockchain

Blockchain is a decentralized, incorruptible record of transactions used in cryptography. Its name is based on its structure, in which individual record is called "block" and linked together called "chain". It's the technology utilized in Bitcoin, and many other applications. Blockchain enables smart contracts (self-enforceable contracts) which is transforming industries like finance, real-estate, politics, education, banking, and more.

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